Crypto Market Outlook: Famous Analyst Forecast A Massive Altcoin Cycle Coming Soon – NewsTo
Crypto Market Outlook: Famous Analyst Forecast A Massive Altcoin Cycle Coming Soon

Crypto Market Outlook: Famous Analyst Forecast A Massive Altcoin Cycle Coming Soon

In his latest video analysis, esteemed cryptocurrency analyst Ivan on Tech explored the prospects of the emergent altcoin cycle and delved into the potential risks and gains that this new phase could bring.

Altcoin Cycle Awakening: Risk vs. Gain

Ivan highlighted that while many investors are still inactive, a discernible shift is taking place in the altcoin market. He emphasized that even though taking positions doesn’t necessarily mean going all in, dramatic pullbacks or substantial dumps are still likely to occur. 

A short-term bullish trend followed by a decline is within the realm of possibility, yet he insists, echoing Chris Brunski’s prediction, that a 20-40% decline in quality crypto assets might be the final chance before the actual altcoin party kicks off by next year into 2025.

However, the expert cautions that the price from which the decline starts is an important consideration, whether it’s from current prices or a potential peak, or any other level.

Crypto Volatility: A Tale of Rising and Falling

Ivan predicts the market will continue to show high volatility, with the potential for substantial gains and losses. Ivan gives an example scenario in which Bitcoin breaks out from a current price of $30,494, pumps to around $44,000, and then drops back to retest.

This, he suggests, could qualify for the expected 25-30% fall, depending on where it halts. In this scenario, Bitcoin might be the first to move, followed by altcoins moving in larger waves.

The Federal Reserve’s Role: A Balancing Act

Addressing the elephant in the room, Ivan talks about the crucial role of the Federal Reserve, particularly concerning the US debt and its interest payments, which have nearly doubled in the past few years from 500 billion to 1 trillion per year. 

He asserts that the Fed will likely start printing money again to keep the government afloat. This move, while aimed at rescuing the economy, will also indirectly aid our market, according to Ivan.

While remaining broadly optimistic, Ivan also shared some concerns about Binance, including potential issues with Bitcoin Cash withdrawals. However, he also commended Binance for handling recent criticisms well and continuing to operate as usual.

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